AUDCAD 1D OutlookAud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach
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AUDCAD Broken Trend LineAUDCAD has broken the trend line and is showing strong signs of bearish movement at it appraoched to retest the trend , looking for price to head lower
AUDUSD Monthly TFAs AUDUSD approaches a heavily respected Resistance at 0.77196 which has failed to be breached since 2015 early 2016, breaking price 0.7600 will push price back into its intra-day short
NZDJPY Cup & HandleCup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
USDCHF 1H Broken Trend USDCHF has broken its trend line and now retesting the trend , As the dollar weakens looking for price to proceed lower, 200 and 50 EMA has crossed on the 1h, 45, and 30m Time Frame
GOLD Daily gold prices has fell to a two week low today as the dollar strengthens as yellen stated the importance of increasing rates and possible hike in march ,currently trading with an intra-day high at 1228 and a low at 1216, still looking for price to push up to 1254 before heading back down to 1200s then 1180
GOLD DailyStill quite bullish, previous weekly resis level 1182 with a hammer forcing price to shoot up towards 200 ema to begin eliminating previous highs, as the dollar weakens
USDJPY 1-2-3 set up. Wait until price moves above 1.618 Fib level. This is not Elliot wave 1-2-3, it's another strategy.
DXY : SHORT : LONG TERM <3Only confirmation for this position is because every time a republican has been inaugurated into the US presidency, the USD has dropped significantly. On top of that, lets face it people.. This is Donald Trump we're dealing with, lol. But hey! Let's see what happens.. Red = Republican (Ronald Reagan/George Bush SR./George W. Bush) Blue = Democrat (Bill Clinton/Barack Obama)
Bearish Bat Pattern (Completed) USDJPYHello traders,
We completed a bearish Bat pattern on this pair @ 105.89
Price currently lies at around 106.17s
This provides a great opportunity to go short on this pair. This pair has been in a down trend. We have completed at an area of support turned resistance and have also put in some bearish divergence.
Target 1@ 103.21
Target 2 @ 101.54
SL @ 107.93
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USDCAD BIG UPSIDE POTENTIAL 1) Bullish market momentum supported by upwards shifts in MA's
2) Break and retest of triangle to confirm upside momentum
3) Price broken previous daily resistance @ 1.31356 & 1.32168
3) Target 1 @ 1.32929
4) Target 2 @ 1.33995
5) Target 3 @ 1.35821
GBPNZD SET UP1) If price takes out resistance level @ 1.90523
2) longs to 1.95176 which is in confluence with 61.8 fib and 50 MA
3) If 61.8 fib level (1.95176 ) fails to hold as resistance further longs to 2.000
4) If 61.8 fib level (1.95176 ) holds successfully as resistance shorts back into 1.9052 3
Potential Cypher PAttern EURUSDHello Traders,
We hope that you have been having a good week trading.
If price can reach 1.1012 then we will complete a Cypher pattern.
Target 1 would be 1.1066
Target 2 at 1.1100
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Instagram: @KashMarkets
Potential long opportunity GBPUSDHello Traders,
Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level.
This pattern completes in an zone of support.
Furthermore, this pattern serves as a continuation of the recent uptrend.
Target 1: 1.4354
Target 2: 1.4510
Note that that we have CPI (inflation) figures coming out in the UK. We have a forecast of 0.4%. Typically if the actual figure is greater than the forecast we could see an appreciation in GBP. Since it may lead to the Bank of England raising interest rates.
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GBPAUD LONG??PROS
- Low test candle formation.
- Rejection of both horizontal support and a downward sloping trendline.
- Price sat between 0.5 & 0.618 Fib retracement.
- Bullish MACD Divergence
- Oversold on Stoch RSI
CONS
- Trading against the trend.
- Trading towards key EMA's.
Thoughts on this position?
Potential Long Opportunity USDCAD Cypher Hello Traders,
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966
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XAUUSD two Bat PatternsHello traders,
Both patterns cannot be taken simultaneously. It is one invalidates the other.
Potential long opportunity 1245.13 with 3 drives pattern confluence, trend-line support and follows bullish move up.
or potential short opportunity 1298.25 minor resistance confluence.
Typically I look at RSI conditions (overbought, oversold or divergence).
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NZD SIDEWAY MOVEMENTWe have seen a lot of sideways momentum on the pair the past few days.
The pair is now approaching key levels, a break and retest of support zone @ 0.67229 will initiate shorts to 0.65710. However if support holds within the zone we could see a the pair continue to range between 0.68727 & 0.67229
TRADE WITH CLARITY, PATIENCE and PRICE ACTION!
USD/CAD SHORT?PROS
- Rejection of key resistance
- Rejection of downward sloping trend line
- Rejection of 50 ema
- Stoch RSI signalling overbought
Thoughts?
